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(Vii) All transfers of bene f is ial ownership interests <br /> in each Bond issued in book-entry form shall be limited in <br /> principal amount to Authorized Denominations and shall he <br /> effected by procedures by the Depository with the Partici- <br /> pants for recording and t ransf erring the ownership of <br /> beneficial interests in such Bonds , <br /> (viii.) In connection with any notice or other communi- <br /> cation to be provided to the Holders pursuant to this <br /> Resolution by the City or Bond Registrar with respect to any <br /> consent or other action to be taken by Holders, the <br /> Depository shall consider the date of receipt of notice <br /> requesting such consent or other action as the record date <br /> for such consent or other action; provided, that the City or <br /> the Bond Registrar may establish a special record date for <br /> such consent or other action. The City or the Bond Regis- <br /> trar shah., to the extent possible, Five the Depository <br /> notice of such special record date not less than 15 calendar <br /> days in advance of such special record date to the extent <br /> possible. <br /> (ix) Any successor Bond Registrar in its written <br /> acceptance of its duties under this resolution and any <br /> paying agency/bond registrar agreement, shall agree to take <br /> any actions necessary from time e to time to comply with the <br /> requirements of the Letter of Representations . <br /> (x) In the case of a partial prepayment of a Bond, <br /> the <br /> Holder may, in lieu of surrendering the Bonds for a Bond of <br /> a lesser denomination as provided in paragraph 5 hereof, <br /> make a notation of the reduction in principal amount on the <br /> panel prodded on the Bond stating the amount so redeemed. <br /> (c) T_ mina ion of_ Book-Entry only System. <br /> Discontinuance of a articular Depository' s services and <br /> l��s co p <br /> termination of the book-entry only system may he effected as <br /> follows : <br /> (i) The Depository may determine to discontinue <br /> providing its services with respect to the Bonds at any time <br /> by iving written notice to the city and discharging its <br /> responsibilities with respect thereto under applicable lair. <br /> The city may terminate the services of the Depositor with <br /> respect to the Bond if it determines that the Depository is <br /> no longer able to carry out its functions as securities <br /> depository or the continuation of the system of hook-entry <br /> transfers through the Depository is not in the best <br /> interests of the City or the Beneficial owners <br /> 906107.01 6 <br />